What does Europe risk with upcoming wider sanctions on Russian oil?
NEW YORK The campaign by western nations to defund the Kremlin and force President Vladimir Putin to abandon his war in Ukraine is reaching a delicate phase. From Feb 5, the European Union (EU) will join Britain and the US in banning seaborne imports of Russian diesel and other oil products. The measure, coupled with a price cap on Russian fuel exports, is designed to blow a sizable hole in Moscow’s energy revenues. The flip side: If European buyers are unable to find alternative supplies, the sanctions would heap new ...
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